BajaNomad - Fidiecomiso Payments?

Fidiecomiso Payments?

Russ - 8-1-2008 at 06:20 AM

I was just talking to a friend that helps out with papers and other hassles we encounter down here. Seems Bancomer has lost a few fidiecomisos and some are unable to pay their annual fees. Anyone else having problems with Bancomer? Even with the document in hand they're unable to process the payment.

CaboRon - 8-1-2008 at 10:38 AM

Simply outrageous......

Some one at the bank is pocketing the payments ....

You don't just misplace a file that is physically that huge ....

And no computer trail ????

What a crock !

The person who "finds" the files IS THE PERP .....

And I will bet it is a bank officer !!

CaboRon

LaTijereta - 8-2-2008 at 03:33 PM

We were told that our 2007 payment was never made when I went to pay our 2008 payment at Bancomer in Loreto.
Seems the Bancomer has realy got problems now that all the papers have been moved to DF..
They were originally kept in LaPaz for (Baja Sur papers), then moved to TJ for all Baja docs, then few years ago moved to Cabo (san jose)... It's no wonder they lost some of the files..
Finnally got them to clear our 2007 payment, after e-mail documents/ ceritfied mail recipt showed it was paid to (someone?) in San Jose last year.

The new Bancomer and it's people in Loreto were a great help in getting this resolved.

Russ - 8-2-2008 at 03:57 PM

I want to say something but the laws down here won't permit that! :fire:

BANCOMER IS NOT A BANK. IT IS A NIGHTMARE!

Marla Daily - 8-2-2008 at 09:57 PM

Our Fideicomiso is the second oldest in Loreto. It expires this year on its 30 year term. It took us 18 years to finally get the Fideicomiso paperwork transferred into our names from the Americans from whom we bought our house in 1990. When we bought the house, we paid all transfer fees in full, directly to the vice president of Bancomer, Jorge Zetina, sitting at his desk in La Paz. No transfer was produced. He stole all the money. Bancomer shrugged and simply said "too bad"—"Jorge Zetina left the bank and no longer works here." We were informed in no uncertain terms—no apologies—we had to start over and PAY over. Our receipts were "forged." The bank remained intransigent. Just this year we received the Fideicomiso in our names—just in time for its expiration. So now we start anew.

Of the eighteen years we have been paying the annual Fideicomiso fee to Bancomer, ten of those years Bancomer said they did not receive payment! NICE TRY but no cigar! Ten times we prooved to the bank the fees had been paid. Last year was the kicker—we had to prove it not once, but twice! This isn't a bank. It is a movie prop for a Fellini film. Welcome to banking in Baja.

Then there was the time Loreto Bancomer stole the entire bank account of Don and Ann O'Neil. The account record, along with thousands of dollars, simply vaporized.

Then there was the time Loreto Bancomer stole the Internado's account and all its money. The account record, along with all the money, simply vaporized.

Who knows how many more Bancomer stories are out there?!

Hook - 8-3-2008 at 08:45 AM

there have been several bad Bancomer stories involving trusts that I have heard on the other side of the Sea.

LaTijereta - 8-3-2008 at 09:29 AM

Bancomer Stories..

Having a trust that was first drawn up in Loreto with Bancomer in 1982, we have a few stories. The original trusts were only for 30 years, and many of those trusts have started coming to duration in Baja.
Bancomer is now telling us that renewl of the trust can only be provided for 30 years, even though all "new" trusts today are written for 50 years.
Has anyone been quoted different restrictions on their pending renewals?
Wondering how easy it is to take the "fideo" to another bank..Banamex has new branch here in Loreto..

Marla... When you purchased the property in Loreto back in 1990..Why was there not a new 30 year trust set up at that time? (Sorry to here about the problems with Bancomer in La Paz..It has always been a "crap shoot" dealing with them when the papers were down there)

DianaT - 8-3-2008 at 09:40 AM

Quote:

Originally posted by LaTijereta
Bancomer is now telling us that renewl of the trust can only be provided for 30 years, even though all "new" trusts today are written for 50 years.
Has anyone been quoted different restrictions on their pending renewals?
[/quote

Our Trust is only a year old and is with Banco Interacciones---but we were told that the trust is for 50 years, with the right to renew for 30 years. I thought that is what is normal, original 50 and renewal 30.

Anyone else using Banco Interacciones? Also, just curious, what are most of the annual fees with other banks?

Diane

Hook - 8-3-2008 at 12:36 PM

We're with Interacciones, too.

Joelt - 8-5-2008 at 12:11 PM

Hi Russ. I was wondering if you were you able to find out what or if anything is being done about this? The reason I ask is I think mine is one of the ones that was lost. Haven't heard a word from them. I tried to contact them but got nowhere. Just want to give them some money. HUH. A bank that won't take money.

Cypress - 8-5-2008 at 01:23 PM

Joelt, A bank that won't take money? :?:

That's got to be one for the books.

Good luck. Hope it all works out and you can look back on this with a smile on your face. :biggrin:

Bancomer

Bomberro - 8-8-2008 at 03:45 PM

We have an older Fidio, it started with Probursa in T.J., later it was bought by Bancomer, we paid a fee to Bancomer because Probursa sold our Fidio to them. Not fair...When the Fidio was first drawn, the fee was set at 400 dollars a year, we got a second Fidio on another property with Bital and the annual fee was 300$. I called the people at Probursa and told them that I would change banks if they did not reduce the fee, they agreeded on the phone to change it to the same 300$. This verbal change was honored by Bancomer when they took over the Fidio. This week we started the process to revert the Fidios to simple titles as we became dual citizens last year. Bancomer still honored the changed fee and all of the papers were drawn to do the change and it becomes final this next week..We used the bank branch at Pamillia as it is a branch that only serves non Nationals and visitors. The Fidios are handled by an English speaking agent and is very nice to deal with, her name is Ethel, very nice to look at and very helpful. The phone number at her office is in Mexico 01-624-144-6219, you need to select 15 when asked to enter a number in Spanish. Perhaps this will help....

Payments

tehag - 8-8-2008 at 04:00 PM

Formula that has been working for me, after years of utter silliness with Bancomer: I get the officer at the Loreto branch to call the Fidiecomiso office and ask the fee for the current year, then pay him/her right then with a Bancomer check. As far as I know there have been no problems, and if there ever are, the trail and receipting are perfectly clear.

BajaNuts - 8-8-2008 at 08:48 PM

we don't have our paperwork finalized yet for purchase of property with a corporation, but what is the best way to get fool-proof evidence of payments on the record? It sounds like cash and a receipt aren't enough. Are wire transfers any safer as there is international records to back it up?

sanluquëna - 8-8-2008 at 09:13 PM

Quote:

Originally posted by BajaNuts
we don't have our paperwork finalized yet for purchase of property with a corporation

Oy vey. Don't tell me you fell for that "buy-a-house-with-a-Mexican-corporation-and-you-don't-need-a-fideicomiso" scam?

bombero - 8-9-2008 at 07:34 AM

Hi Russ, I was just told that Bancomer finally found my 3yr old fido and they say i owe for all three yrs,, The bank says they did,nt received the first two yrs payments.. This fidiecomisco scandal is probably much larger than it appears on this forum and it appears quite large here! My neighbor John got the same news on his 3yr old fido!

Cypress - 8-9-2008 at 11:01 AM

This whole fidiecomisco deal is beginning to look like a bad dream.

Russ - 8-9-2008 at 11:59 AM

I am fortunate that my fido were I'm living I have a banks receipt for all the payments I've made. Hope that that will help when I go to renew :spingrin:

Cypress - 8-9-2008 at 01:10 PM

Russ, I hope so also.

Good luck! :bounce:

You're living in a very special area. :bounce:

Fully agree with your take on the commercial seine boats operating in the Sea of Cortez. :bounce:

The local gill-netters that operate 24/7 twelve months of the year are doing more damage to the resident fish populations.

loki - 8-9-2008 at 05:10 PM

This should be a wake up call and alarms should ring for all residents that have a bank trust on their property. I know of several people who have had their records go missing and all accounting of the payments go away in the mist.
'
Once again Mexico proves how much of a third world country it really is no matter how much the people on this board prop it up at times.

vandenberg - 8-9-2008 at 05:21 PM

Quote:

Originally posted by loki
This should be a wake up call and alarms should ring for all residents that have a bank trust on their property. I know of several people who have had their records go missing and all accounting of the payments go away in the mist.
'
Once again Mexico proves how much of a third world country it really is no matter how much the people on this board prop it up at times.

Sounds like the emergence of anothere troll :no:

loki - 8-9-2008 at 05:23 PM

I just joined this board and do not thinks its polite to call me or any new member a troll. I have just read the posting rules and calling one names was not allowed as I read them.
Thank you.

[Edited on 8-10-2008 by loki]

BajaNuts - 8-9-2008 at 07:48 PM

just getting back to the posts...

When we started the paperwork on our properties...(there were 2 properties we were working on... one of the flew out the door with our money with Dixon Twin and Twin properties....former posts in May 2008..........) The intent was to have a small casa that we would legit rent.

So NO, we did not fall for the "you don't have to have a Fido" line, the corp seemed to fit our situation and long term goals better.

The question still stands................
what's the best way to make payments???????????

Sharksbaja - 8-10-2008 at 12:26 AM

Quote:

No. you are trolling! :mad:

Plus you don't like Mexico or the people here that do. You want a "sanitized country". Try Canada.
You want folks to respond don't you?

loki - 8-10-2008 at 06:55 AM

Quote:

Originally posted by Sharksbaja

Quote:

No. you are trolling! :mad:

Plus you don't like Mexico or the people here that do. You want a "sanitized country". Try Canada.
You want folks to respond don't you?

How do you know what I want?. Here is a clue so you and the other name callers do not have to guess.
I want to be able to post an opinion here on this board without some self important blabbermouth telling me that I am trolling or that I am anti mexican. How dare you tell me what I am all about or try to silence my opinion.
Frankly,I would rather that you not respond to my posts so that others might have a chance for more meaningful exchanges here.

vandenberg - 8-10-2008 at 07:42 AM

Quote:

Originally posted by loki
Once again Mexico proves how much of a third world country it really is no matter how much the people on this board prop it up at times.

Like to have your opinion of what a third world country looks like. I've been to several of Mexico's big and medium sized cities and found them pretty much the same as our so-called first world (western) countries's cities. Decent infra structure, good traffic regulations, newer cars and trucks and comparable living conditions to a lot of the USA.
Nothing compared to "real" third world places like their tanned brothers run on the dark continent. Even most of the latin American countries don't qualify as third world countries any longer.
But the western world likes to feel itself superior to the rest of the world, even including the far east. Wishful thinking. :no:

k-rico - 8-10-2008 at 08:30 AM

Scotia Bank delivers a notice to my mailbox on my house in Mexico two months ahead of the Fideicomiso annual payment due date, with a phone number to call if I have questions. The employees that handle payments speak English and are very polite and businesslike. I think they even accept checks drawn on an American bank and have a US address to send them to.

Perfect.

[Edited on 8-10-2008 by k-rico]

Osprey - 8-10-2008 at 09:05 AM

Van, right on brother. And maybe us U.S. retirees in Mexico are doing our part to make things more modern. I just carpeted my bathroom. It looks so good I'm thinking about running it all the way up to the house.

loki - 8-10-2008 at 10:37 AM

Quote:

Originally posted by k-rico
Scotia Bank delivers a notice to my mailbox on my house in Mexico two months ahead of the Fideicomiso annual payment due date, with a phone number to call if I have questions. The employees that handle payments speak English and are very polite and businesslike. I think they even accept checks drawn on an American bank and have a US address to send them to.

Perfect.

[Edited on 8-10-2008 by k-rico]

The Bank of Nova Scotia which owns Scotia bank is a Canadian owned bank and like the HSBC which is Hong Kong owned are operating like real banks. Most of the Mexican Banks are a joke. Not being able to find standard documents and accepting stamped receipts from the banks own branches is nothing more than a scam and money grab.
There,I said it. Come and attack me for my opinion now.

vandenberg - 8-10-2008 at 12:32 PM

Quote:

Originally posted by Osprey
Van, right on brother. And maybe us U.S. retirees in Mexico are doing our part to make things more modern. I just carpeted my bathroom. It looks so good I'm thinking about running it all the way up to the house.

Trolling is subjective

Sharksbaja - 8-10-2008 at 12:33 PM

To me that's what (some of)your posts seem to do.

Quote:

Originally posted by loki

Quote:

Originally posted by Sharksbaja

Quote:

No. you are trolling! :mad:

Plus you don't like Mexico or the people here that do. You want a "sanitized country". Try Canada.
You want folks to respond don't you?

I appreciate an honest opinion like the next guy but when you make sweeping statements like that one inferring people should wake up and examine their bank trusts for fraud I take offense.

You seem to know a certain amount of Mulege but your tone is that of mistrust and suspicion. Do you want people to worry?
I reviewed some of your posts and to me they look focused on negative stuff. Ok Loki maybe you have some upbeat stuff to share about Baja. You've been going there for 30 years so there must be something that draws you down. What would that be?

I never said to go away but your interests in Baja seem to fall somewhere between mistrusting Mexicans and helping Americans understand that.

Tell me who that has done due diligence has been able to avoid the silly problems that occur in Baja? It's only common sense that can save a novice from getting ripped off.

Folks who put tons of money in foreign banks must have money to burn. That's their perogative. Who ever said foreign banks were legit anyhoo?

bombero - 8-10-2008 at 12:48 PM

I,m not at all sure of what 3d world means to all people. I do believe that by voicing concern about corrupt business, persons and government agencys is valid .It,s all to often that only the "Victims" speak out. I, for one, think that the more you care for a country and its people then the more you should be concerned about wrong doings. I don,t feel superior because I recognize a few of Mexico,s "faults" along with the many wonderful things that are "Good".However, I am thankful that I can speakout about bad and corrupt issues effecting the U S A without being deported!!

loki - 8-10-2008 at 12:54 PM

Quote:

Originally posted by Sharksbaja
To me that's what (some of)your posts seem to do.

Quote:

Originally posted by loki

Quote:

Originally posted by Sharksbaja

Quote:

No. you are trolling! :mad:

Plus you don't like Mexico or the people here that do. You want a "sanitized country". Try Canada.
You want folks to respond don't you?

What I said was it would be prudent to make sure that your documents are in order and that your payments are on record. I did just that when I heard about the fido problem several weeks ago and as I deal with ScotiaBank, was happy when they assured me that all items were in order.
There are lots of folks here who might go years without checking on their fidos status and since Bancomer has very little in the way of customer service. It would seem to be a logical thing to do. Having a fido go into default for lack of a paper trail on its bank fees is something no one in their right mind would want to deal with.
As for Mulege, I am there several times a years to fish and have many friends that live there full and part time. I sometimes stay at the Serinidad or with friends if there is room. It is one of my favorite stops in Baja. I also still own property at Scorpion Bay and try to surf there when my old body allows it.
Info posted here is worth what you pay for it and as such ,should be considered that valuable.

Sharksbaja - 8-10-2008 at 02:41 PM

Oh, I agree. Perspective and circumstance can ultimately steer the direction you go in Mexico.

That's why getting all worked up(not you) over a bill or something else may or may not have a different effect or impact on what happens next.

That's why people need to do their OWN homework. What worked for you may or may not work exactly the same for the next guy. You know from years of exposure that experience IS the best teacher. A person needs to use a degree of conscientiousness you wouldn't typically use in your normal environment.
That's why I get irked when folks drop bombshells on otherwise inexperienced participants. They may not have the info or knowledge up top and instantly perceive Baja very negatively.

It is a difficult place to explain to a greenhorn.

Just recently a new Nomad suggested I was a leasee and lied about where I hang out. It was interesting because although that person knew a whole lot of stuff posted over the years, he/she/it assumed their facts and knew nothing at all about the "real" facts.

My point being that assumptions based on demographics don't always hold water. Credibilty can be a fragile commodity on BN. There are folks here regularly testing that value.

Maybe it's just a sport for some. eh Diver? :rolleyes:

loki - 8-10-2008 at 02:47 PM

Quote:

Originally posted by Sharksbaja
Oh, I agree. Perspective and circumstance can ultimately steer the direction you go in Mexico.

That's why getting all worked up(not you) over a bill or something else may or may not have a different effect or impact on what happens next.

That's why people need to do their OWN homework. What worked for you may or may not work exactly the same for the next guy. You know from years of exposure that experience IS the best teacher. A person needs to use a degree of conscientiousness you wouldn't typically use in your normal environment.
That's why I get irked when folks drop bombshells on otherwise inexperienced participants. They may not have the info or knowledge up top and instantly perceive Baja very negatively.

It is a difficult place to explain to a greenhorn.

Just recently a new Nomad suggested I was a leasee and lied about where I hang out. It was interesting because although that person knew a whole lot of stuff posted over the years, he/she/it assumed their facts and knew nothing at all about the "real" facts.

My point being that assumptions based on demographics don't always hold water. Credibilty can be a fragile commodity on BN. There are folks here regularly testing that value.

Maybe it's just a sport for some. eh Diver? :rolleyes:

I agree with you on that as there are some very fragile people who frequent this site. I do apologize if you thought I was picking on your town but I was not and have explained my affection for Mulege in a previous post here.
Now back to the PGA Championship.

Sharksbaja - 8-10-2008 at 02:53 PM

Nope not me, I am watching beach vollyball in the Olympics. One mens' doubles guy from one of my old stompin' grounds, Redondo Beach.

Everything is good! :tumble:

Cypress - 8-10-2008 at 02:54 PM

Osprey, You carpeted your bathroom? :?:

BajaNuts - 8-10-2008 at 05:11 PM

been a whole lot of blablabla, but not a lot of actual info regarding the original post, which was about fido payments.

Once again I'm asking the best way to make and insure payments of all sorts are trackable and provable.

Or maybe there is a lack of answers because most are in the "honeymoon" state of their fido's and don't watch them as Loki reffered to.

Please get this tread back on track and leave the bathroom carpet to the interior decorating thread.

loki - 8-10-2008 at 05:17 PM

Quote:

Originally posted by BajaNuts
been a whole lot of blablabla, but not a lot of actual info regarding the original post, which was about fido payments.

Once again I'm asking the best way to make and insure payments of all sorts are trackable and provable.

Or maybe there is a lack of answers because most are in the "honeymoon" state of their fido's and don't watch them as Loki reffered to.

Please get this tread back on track and leave the bathroom carpet to the interior decorating thread.

What bank holds your trust?

Osprey - 8-10-2008 at 05:32 PM

Only one bank down here is Mexican. The other 8 are foreign owned. What set of rules do you think applies now that did or did not apply at your particular bank before they were purchased by a foreign bank? How do you think those rules changed? Can you do anything about it? Same thing happens all over the world including the U.S. when banks are sold. Bank two has different rules than bank one -- did you ever in the U.S. try to sue bank one or two for changing the rules on a contact you had? What do you expect in Mexico from banks who's new CEOs live and work in Lisbon?

loki - 8-10-2008 at 05:41 PM

Quote:

Originally posted by Osprey
Only one bank down here is Mexican. The other 8 are foreign owned. What set of rules do you think applies now that did or did not apply at your particular bank before they were purchased by a foreign bank? How do you think those rules changed? Can you do anything about it? Same thing happens all over the world including the U.S. when banks are sold. Bank two has different rules than bank one -- did you ever in the U.S. try to sue bank one or two for changing the rules on a contact you had? What do you expect in Mexico from banks who's new CEOs live and work in Lisbon?

Its about the lack of oversight.Some banks are better because of the influence of the parent company.Bancomer because it was mentioned here , is a spanish owned bank but has never had a good reputation and this fido document and money trail issue is nothing new.
Can you imagine if your bank in the USA was supposed to make your tax payments for you and lost all records of money paid out or collected from you. What if you brought them receipts that were stamped paid by your bank branch and they said that they do not accept such documents as proof.
This is the issue some folks are finding themselves in.

Osprey - 8-10-2008 at 07:20 PM

Want to be positive, helpful? Bring us some new information. We have fought our way thru all the red, white and green tape in Mexico -- we know a lot about it. A bunch of us have bank trusts with all/any bank able/willing to be the holder and have been there, done that. Sooooo what. Come join us but do it with a little class ---- quietly.

loki - 8-10-2008 at 07:25 PM

Quote:

Originally posted by Osprey
Want to be positive, helpful? Bring us some new information. We have fought our way thru all the red, white and green tape in Mexico -- we know a lot about it. A bunch of us have bank trusts with all/any bank able/willing to be the holder and have been there, done that. Sooooo what. Come join us but do it with a little class ---- quietly.

Another self important sloth.
If you have been there and done that, try to offer up something more useful besides this condecending rubbish.

[Edited on 8-11-2008 by loki]

BajaNuts - 8-10-2008 at 08:35 PM

OK, just for s&g, I did about 10 searches on BN search site for -
missing fideicomiso payment
lost payment
missing payment
lost payperwork
etc
etc

I just thought maybe this topic had been covered in a previous post and wanted to make sure. Nothing came up until I searched for "missing".

This is an important issue that novices would like to be aware of. I'd heard all the horror stories of every other profession related to purchase of property in Mexico, but not the banks.

And I have only seen 2 legitimate suggestions about how to handle and protect your payments!

Ignore the blablabla and offer suggestions from your vast well of Baja wisdom for the ultimate motive.......protection of the ignorant.........(aka novices.............)

BajaNuts - 8-10-2008 at 08:55 PM

ps- I forgot to add -
graciass to the senior nomads for helping the "infants" with knowledge without the attitudes.

We all know there are hundreds of personalities (aka, real life persons) on this website and they all have great attitudes, you have to have certain character traits to even be interested in Baja, MX to start with.

It would be be nice to get through a post without all the periforal schtuff getting in the way of actual information relating to the original subject.
jmho

Osprey - 8-11-2008 at 06:44 AM

What exactly do you expect to learn from all this? I got beat up once by bank A in Loreto, paid cash, they stole it. I did fine in La Paz once paying by check. I went through a nightmare in Cabo with Bank C, paying by wire, then cash, then check always with a receipt and I still had to go to an attorney. Do you see where this is going? Every bank is different, you protect yourself as best you can using common sense, hoping you get through it without having to pay double. There is no easy magic bullet. My wife and I paid by check to HSBC in Cabo in a cubicle next to our neighbor who we saw paying in cash. We had no trouble then or since (except they gave us somebody else's receipt this last year) while he was badgered for 4 years, sending them copy after copy of his receipt before he got back all his fine money accumulated over the years while he was unaware of the trouble. I will suppose that HSBC will be puchased, sometime in the next 37 years left on my trust, by a big Russian bank which will give fits to my beneficiaries and there is nothing I can do about it now. If you give a dance, you gotta pay the band. If you want to live in your own house in Mexico you gotta dance the dance. Give up, give in, keep a healthy, happy attitude and you'll get through it all not matter what bank and you can jawjack about it incessantly at the 19th hole.

IT ALL A MATTER OF PERSPECTIVE—

Marla Daily - 8-11-2008 at 07:23 AM

I posted our Bancomer horrors at the beginning of this thread to let others know about what our experiences have been with the second oldest fideicomiso in Loreto. It has been an interesting, if bumpy 18-year ride. Do we curse Mexico? Did we fold? No—we held it. And we continue to do so. Of course it is frustrating. Has it been worth it? YOU BET! The inconveniences pale in comparison to what we gain in quality of life. Our camping and expolration opportunities trump any paperwork nightmares.

Santiago - 8-11-2008 at 07:43 AM

Quote:

Originally posted by Osprey
I went through a nightmare in Cabo with Bank C, paying by wire, then cash, then check always with a receipt and I still had to go to an attorney.

I've been reading this thread carefully and you're the first to mention using an attorney which, of course, would be the first or second thing we would do in USA. I am also curious as to the meaning of a receipt in Mexico - is it the same? And if it's not too personal - did the attorney simply have to contact the bank on your behalf or did you have to sue (not even sure that's possible?)

k-rico - 8-11-2008 at 07:53 AM

I'm wondering what others pay.

I'm at Scotia Bank, $500 plus $50 tax. Third year.

An Answer from Bancomer

rleon - 8-11-2008 at 11:29 AM

My Name is Raúl León and I work in Bancomer trust department (Fideicomisos) in Cabo. With sadness I read all your posts and replays and I’ truly sorry to read this. I understand the position of all of you and know we’ve had many problems in the past, know that in many cases (most) you have total reason in being complaining and mad about the service you have receive in the past.

The main objective of this post it to open a communication channel with all of you and to approach to everyone that feels has been mistreated by Bancomer’s trust department of that has complains or feedback.

Again, I’m Raúl León. Senior Manager Fiduciario (In charge of origination, not of administration, but willing to help), at Palmilla Offices: Carretera Transpeninsular, Kilómetro 27.5, Palmilla., San José del Cabo B.C.S., C.P. (Zip Code) 23406, Centro Comercial (Mall) Las Tiendas de Palmilla, Locales 112 & 113, Phone and fax: (624) 14-462-18, (624) 14-462-19, (624) 14-462-20, (624) 14-462-21 Ext. 14, Cel Phone: (044-624) 15-16-332, E Mail: m8252160@bbva.bancomer.com

If you have problems regarding your annual payments, transfer or rights, or any administrative issue, contact Ethel Castro, in same offices than I and with same phones just dial extension 15 or 16 (very tough to contact) or send her an E mail to m840816@bbva.bancomer.com Please be patient with the phone, we are usually overloaded with phone calls and it sounds as if no one answers when actually it’s busy and that’s why I’m providing also my information and cel phone.

We also have offices “corner” in La Paz, Todos Santos, and Loreto were an executive of the Preferred Customers Unit can be reached and assist you, they’ll speak to you in English and be very kind. They are in banking services, not trust department but they’ll gladly help you and serve as a link with trust department in able to give you a better service.

In La Paz, contact Blanca Rosa Corral Del Castillo, she is in Isabel La Católica S/N, entre Nicolás Bravo y Melchor Ocampo, Col. Centro, La Paz, B.C.S C.P. 23000, phone (612) 12 364 58, E Mail b.corral@bbva.bancomer.com

In Todos Santos contact Daniel Dorantes Guzmán, he is located in Calle Benito Juarez e Ignacio Zaragoza, Col. San Ignacio S/N, municipio de la Paz Todos Santos B.C.S. CP 23300, phone 612-14-5-03 08 ext 16, E Mail d.dorantesg@bbva.bancomer.com

In Loreto contact Liliana Carranza Cota; she is at San Juan Manuel de Basualda & Fray Junipero Sts., Mz 072, zone 003, Col. Centro, Zip Code 23880, Loreto B.C.S., phone (613) 135 1642 and E Mail liliana.carranza@bbva.bancomer.com

As you see, I might not solve everything but I’m willing to help and assist your in all that’s in my hands so please feel free to contact me or any of the executives above mentioned.

Best Regards

[Edited on 8-11-2008 by rleon]

DianaT - 8-11-2008 at 11:33 AM

Our fideicomiso is not with Bancomer, but that last reply is wonderful---what a great response.

Thank you, Raul Leon. Your post should be a great help to many people.

Diane

[Edited on 8-11-2008 by jdtrotter]

CP - 8-11-2008 at 12:16 PM

My fide comiso IS with Bancomer and I do have concerns about the correct application of my last two annual fee deposits. I won't bore you all with the details.
I am very pleased that someone at Bancomer has taken seriously the frustrations expressed in this thread and has provided not only names and phone numbers but e-mail addreses, too.
Gives me hope!

comitan - 8-11-2008 at 12:21 PM

Osprey Did you not get the letter from HSBC that states they have hired another firm(REAL ESTATE TITLE,S.C.) To collect our fees their offices are in Hermosillo,Sonora. :barf:

Osprey - 8-11-2008 at 01:09 PM

No, thanks for the alert Comitan. Hat's off to you.

Cypress - 8-11-2008 at 01:16 PM

It ought to be simple. Pay the bank, by law the legal guardian of your property. This is my understanding of the relationship. I'm getting the picture of people running around with sacks of money looking for some one to give it to that will guarantee their ownership.

There's no legitimate reason for all the confusion and uncertainity about paying your bills.

baja-spirit - 8-11-2008 at 05:57 PM

Thank you Raul Leon. This will really help. My fidiecomisco's ( we have 2) started out in LaPaz then it went to TJ and from there I have no idea. I was sending the payment to the last address I had and I get nothing back. Not even the canceled checks anymore. We shall be in touch with you soon......

La_Paz_Banker - 8-13-2008 at 12:40 PM

My names is Blanca Corral I am in charge of the Preferred Customer Unit from BANCOMER in La Paz, that is a bank service just for foreigners our service is in English and I tried to help you at anything that you need related with banks if you need any more information about it or any question about the bank system in México fell free to contact me, also I work with Raul Leon has he mentioned in his post.
b.corral@bbva.bancomer.com tel 612 12 36458

Cypress - 8-13-2008 at 01:07 PM

Is there something wrong with this whole Fidiecomiso game? :?:

You make your payments :yes:

. Oops!

You paid the wrong bank/person? They lost the paperwork? :?:

Gosh!

Osprey - 8-13-2008 at 01:34 PM

Cypress, I can't round up all 700,000 fidiecomiso holders in Mexico to answer your questions but I think if I could put you in a big room with them you would get the idea that the system (the only one available so you and I can enjoy our own little place in Mexico) works -- your oversimplification of the situation (it's not a guardian ship BTW -- that's for people, not land) makes a mockery of all the hard work we put into obtaining and holding this precious and sometimes frustrating trust. Why don't you study up on it if your interested -- sounds like it might be a challenge for you.

Cypress - 8-13-2008 at 01:50 PM

Osprey, So? I'm not interested in getting tangled up in the fidiecomiso run-a-round.

If you feel all your your "hard work" is a mockery, well, you said it, not me. :?:

Osprey - 8-13-2008 at 03:19 PM

Not interested? Butt out. Please. Thank you

[Edited on 8-13-2008 by Osprey]

Cypress - 8-13-2008 at 03:47 PM

Bump. :lol: